Financial technology startup Nium has raised $50 million in new funding from investors, led by an undisclosed Southeast Asian sovereign wealth fund, valuing the company at $1.4 billion, a 30% discount from its previous valuation of $2 billion. Despite the lower valuation, Nium is confident in its growth story and aims to go public within the next 18 months, targeting the third or fourth quarter of 2025 for its IPO. Nium’s core offering includes a global network that facilitates real-time payments and card-issuing services for businesses. It can disburse payments in nearly 200 countries, collect funds in 100 currencies and issue cards in 34 countries.
Fintech firm Nium Cuts Valuation by 30% in New Funding Round, Eyes 2025 IPO
